This property looks like a bad Airbnb investment with a projected -11.53% first-year return on $96,183 initial cash invested.
-11.53%
Cash On Cash
4.32%
Cap Rate
0.63
DSCR
$3,007
Rent
-$924
Cashflow
Cash Flow
$3,007 income − $3,931 expenses = $924 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,183
Downpayment
20%
$74,460
Closing costs
1%
$3,723
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,007
Total Expenses
$3,931
Mortgage P&I
71%
$2,145
Property Taxes
7%
$210
Home Insurance
4%
$133
HOA
0%
$0
Property Management
15%
$451
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$752